Wells Fargo & Company MN raised its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 905,884 shares of the real estate investment trust's stock after acquiring an additional 38,227 shares during the period. Wells Fargo & Company MN owned 1.09% of Federal Realty Investment Trust worth $101,414,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in Federal Realty Investment Trust by 244.9% during the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock worth $53,000 after buying an additional 333 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Federal Realty Investment Trust by 592.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock worth $77,000 after acquiring an additional 592 shares during the period. Headlands Technologies LLC bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at about $91,000. Finally, Hopwood Financial Services Inc. acquired a new position in Federal Realty Investment Trust during the 4th quarter valued at about $101,000. 93.86% of the stock is owned by institutional investors.
Federal Realty Investment Trust Stock Up 1.5 %
NYSE:FRT traded up $1.32 on Friday, hitting $90.28. 949,417 shares of the company's stock traded hands, compared to its average volume of 672,295. The firm has a 50-day moving average price of $99.81 and a 200-day moving average price of $107.32. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market cap of $7.74 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Equities analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.
Federal Realty Investment Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.87%. Federal Realty Investment Trust's dividend payout ratio is 128.28%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Raymond James cut their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Finally, Stifel Nicolaus lowered their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of $116.00.
Check Out Our Latest Report on Federal Realty Investment Trust
Federal Realty Investment Trust Company Profile
(
Free Report)
Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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